If we're able to break abow 260 we may be very well on our way to 294 , and than we will see. Thether and xrp solved their problems with the law , thats why the market turned around, we need more good news.
It seems bnb following btc drop taking a hit , I draw the fibonacci retracment to see the next support and if we break bellow 50 percent retracment 230$ we will be heading toward 205$ level and we officially be in a downtrend mode toward my initial 178$ projection.
We have two strong resistance around 270, 250, , if broken which seem unlikely cause market is totally sideways but if somehow this levels couldn't hold up we may very well be on our way to 178, time will tell
If bnb could break the asymmetrical triangle with enough valume ve may very well be on our way to 400 target and even beyond . Let see how its gonna plays out I believe any downside scenario will be short lived.